ASX 200 rallies on declining volume

The ASX 200 is headed for a test of 4500. Declining volume is typical of such a rally; a surge would indicate increased selling pressure — especially when accompanied by a narrow range or red candle. Expect resistance at 4500 to hold, followed by another test of support at 4000.

ASX 200 Index

* Target calculation: 4000 – ( 4500 – 4000 ) = 3500

5 Replies to “ASX 200 rallies on declining volume”

  1. If this is an example of a dead cat bounce then what would we look for in a real bounce… vs what we see above.

    thx

  2. you should put your images in your RSS feed, so people looking at the RSS feed see the image you post (like other blogs do)

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